Calumet Specialty Products Partners (NASDAQ:CLMT) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Calumet Specialty Products Partners (NASDAQ:CLMT) in a report issued on Wednesday. The brokerage set a “hold” rating on the oil and gas company’s stock.

A number of other research analysts have also weighed in on the company. The Goldman Sachs Group reduced their price target on Calumet Specialty Products Partners from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. HC Wainwright restated a “buy” rating and issued a $25.00 price target on shares of Calumet Specialty Products Partners in a report on Monday, April 22nd.

Calumet Specialty Products Partners Stock Up 0.6 %

Shares of NASDAQ:CLMT opened at $16.31 on Wednesday. The company has a market capitalization of $1.31 billion, a P/E ratio of 20.65 and a beta of 1.75. The stock’s fifty day simple moving average is $15.17 and its 200-day simple moving average is $15.85. Calumet Specialty Products Partners has a 52-week low of $11.91 and a 52-week high of $19.91.

Calumet Specialty Products Partners (NASDAQ:CLMT) last released its quarterly earnings results on Friday, February 23rd. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.40). The business had revenue of $976.50 million for the quarter, compared to the consensus estimate of $856.71 million. Calumet Specialty Products Partners’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.21) earnings per share. On average, sell-side analysts anticipate that Calumet Specialty Products Partners will post -0.86 earnings per share for the current year.

Institutional Investors Weigh In On Calumet Specialty Products Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLMT. ICA Group Wealth Management LLC acquired a new stake in Calumet Specialty Products Partners during the 4th quarter worth approximately $116,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Calumet Specialty Products Partners in the first quarter worth $119,000. PFG Investments LLC purchased a new position in shares of Calumet Specialty Products Partners in the 1st quarter valued at $155,000. Sapient Capital LLC acquired a new position in shares of Calumet Specialty Products Partners during the 4th quarter valued at $188,000. Finally, Deuterium Capital Management LLC purchased a new stake in Calumet Specialty Products Partners during the 1st quarter worth $159,000. 34.41% of the stock is currently owned by institutional investors and hedge funds.

Calumet Specialty Products Partners Company Profile

Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally. It operates through Specialty Products and Solutions; Performance brands; Montana/Renewables; and Corporate segments.